WASHINGTON – US President-elect Donald Trump has said he would take one US dollar as his annual salary and not the whopping $400,000 that comes with the US president’s job.

Asked whether he was going to the president’s salary, 70-year-old Trump said, “No, I’m not gonna take the salary. I’m not taking it,” confirming a promise he made in a campaign video in September before election.

“I think I have to by law take $1, so I’ll take $1 a year. But I don’t even know what it is,” Trump told CBS’s “60 Minute” in an interview.

Trump also announced he would not take any vacation. “We have so much work. There’s so much work to be done. And I want to get it done for the people,” he said.

“I want to get it done. We’re lowering taxes, we’re taking care of health care. I mean, there’s just so much to be done. So I don’t think we’ll be very big on vacations, no,” Trump said, ruling out a vacation for himself.

The Republican defeated his Democratic rival Hillary Clinton in Nov 8th presidential vote, in a result which shocked many who had expected her to win following favorable opinion polls.